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Kim Hong's Group
In this Group: Kim Hong, Lay, Doeur, Yorng, Tak, Sok, Paok, Saing, Sot, Moeun, Chhin
In Krang Pou village in Takeo province, there are eleven people who make up this village bank loan. They will use their portion of the loan in varied ways to improve their family living.
Mrs. Kim Hong H. has been selected as the village bank president by the other members. She is a meat seller at the local market where she is able to earn some profits to support her family. Her husband, Mr. Chim Lay, is a trailer (taxi driver) who is also able to earn some money to support his family. At the present, her husband’s taxi is too old to use. Mrs. Kim Hong H. is asking for a loan to add to her savings in order to buy a new taxi.
Mrs. Kim Hong H. is a mother of four children, three of whom are attending local public school. The youngest one is a 4 year-old.

Additional Information

About AMK

Angkor Microfinance Kampuchea (AMK) is a leading microfinance institution in Cambodia with a wide reach of operations. AMK works with over 6,000 villages and serves clients in every Cambodian province. With an average loan size of US$115, AMK’s focus is to provide credit and savings products to the very poor in rural areas. For more information, please visit AMK's website.

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.

About Cambodia

  • $2,600
    Average annual income
  • 100
    View loans »
    Cambodia Loans Fundraising
  • $35,528,600
    Funds lent in using Kiva
  • 4,045.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Kim Hong's Group's $2,150 loan helped a member to buy a new trailer (taxi ).
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 23, 2010
Listed
Feb 1, 2011
Currency Exchange Loss:
Possible
Ended:
Feb 1, 2012